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AFC Energy partners with German consultancy

Plantlng has provided engineering support and engineering procurement construction management services to AFC Energy's POWER-UP project at Stade for over a year.

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AFC creates electricity from chlorine.

AFC Energy (LON:AFC) said it has signed a strategic engineering partnership and services agreement with the consultancy plantIng to “support the optimisation and roll-out” of AFC’s alkaline fuel cell system.

The German firm has over 300 engineers making it one of the biggest independent providers of engineering projects in the chemical and petrochemical industries in the country.

In fact, it has provided engineering support and engineering procurement construction management services to AFC Energy's POWER-UP project at Stade for over a year.

It will work primarily on refining the fuel cell balance of plant, allowing the AIM-listed group to assess commercial refinements to the the technology.

It is expected plantIng will also help with feasibility studies for other commercial projects, as well as provide a ‘template’ for facilities housing AFC’s alkaline fuel cells.

AFC chief executive Adam Bond said: “The decision of plantIng to back AFC Energy's technology through a material investment of time and efforts at limited, or in some cases no cost, to AFC Energy, together with their knowledge and understanding of AFC Energy's technology provides a further validation of the opportunities we now see into the German, European and international market place for AFC Energy's fuel cell. 

“I'm very pleased to welcome plantIng to the AFC Energy team." 

Quick facts: AFC Energy PLC

Price: 17.255 GBX

AIM:AFC
Market: AIM
Market Cap: £77.3 m
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